Christopher Hilberg - 31 Jul 2026 Form 4 Insider Report for SkyWater Technology, LLC (SKYT)

Reporting relationship: Chief Risk & Compl. Officer
Issuer ticker: SKYT
Reported as of: 31 Jul 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 31 Jul 2026, 10:51:15 UTC
Prior SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Steve Manko, Attorney-in-Fact

Key filing fact

Christopher Hilberg filed Form 4 for SkyWater Technology, LLC (SKYT) on 31 Jul 2026.

Key facts

This page summarizes Christopher Hilberg's Form 4 filing for SkyWater Technology, LLC (SKYT).
7 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 31 Jul 2026, 10:51.

Change

Previous filing in this sequence was filed on 18 Mar 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001964417 Primary reporting owner

Hilberg Christopher

Relationship: Chief Risk & Compl. Officer
Address: 2401 EAST 86TH STREET, BLOOMINGTON
Signature: /s/ Steve Manko, Attorney-in-Fact
Signature date: 31 Jul 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SKYT transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -30,140
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Footnotes: F1

SKYT transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -34,251
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SKYT transaction Derivative

Options to Acquire Common Stock

Disposed to Issuer

Transaction value
Shares: -4,644
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,644
Exercise price: $18.64
Footnotes: F3, F4

SKYT transaction Derivative

Options to Acquire Common Stock

Disposed to Issuer

Transaction value
Shares: -9,869
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,869
Exercise price: $11.24
Footnotes: F3, F4

SKYT transaction Derivative

Options to Acquire Common Stock

Disposed to Issuer

Transaction value
Shares: -25,009
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 25,009
Exercise price: $11.77
Footnotes: F3, F4

SKYT transaction Derivative

Options to Acquire Common Stock

Disposed to Issuer

Transaction value
Shares: -23,586
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 23,586
Exercise price: $10.14
Footnotes: F3, F4

SKYT transaction Derivative

Options to Acquire Common Stock

Disposed to Issuer

Transaction value
Shares: -22,380
Change %: -100%
Price
Shares after: 0
Date: 31 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 22,380
Exercise price: $10.03
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Christopher Hilberg is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

Represents shares of common stock of SkyWater Technology, Inc. ("SkyWater") disposed of pursuant to the consummation of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of January 25, 2026, by and among SkyWater, IonQ, Inc. ("IonQ"), Merger Subsidiary 1 Inc. ("Merger Subsidiary 1"), and Iris Merger Subsidiary 2 LLC (now known as SkyWater Technology, LLC) ("Surviving Company"), including the merger of Iris Merger Subsidiary 1 with and into SkyWater (the "First Merger"), immediately followed by the merger of SkyWater with and into Surviving Company (the "Second Merger"). At the effective time of the First Merger (the "Effective Time"), each share of SkyWater common stock outstanding immediately prior to the Effective Time (subject to certain exceptions described in the Merger Agreement) automatically converted into the right to receive $15 in cash and 0.4883 shares of common stock of IonQ plus cash in lieu of any fractional shares.

Footnote F2

Represents restricted stock units relating to shares of SkyWater common stock. Pursuant to the Merger Agreement, at the Effective Time, each award of restricted stock units relating to shares of SkyWater common stock held by a service provider other than a non-employee member of SkyWater's board of directors that was outstanding, whether vested or unvested, automatically converted into a restricted stock unit award corresponding to a number of shares of IonQ common stock based on the Equity Award Exchange Ratio (as defined in the Merger Agreement), and is otherwise subject to the same terms and conditions (including any existing accelerated vesting provisions) as applied immediately prior to the Effective Time, with any related accrued but unpaid dividend equivalent rights carrying over and remaining payable in accordance with such preexisting terms.

Footnote F3

Represents options to purchase shares of SkyWater common stock. Pursuant to the Merger Agreement, at the Effective Time, each outstanding option to purchase shares of SkyWater common stock that was outstanding, whether vested or unvested, automatically converted into an option to purchase a number of shares of IonQ common stock based on the Equity Award Exchange Ratio (as defined in the Merger Agreement), at an adjusted exercise price (as determined in accordance with the formula in the Merger Agreement), and is otherwise subject to the same terms and conditions as applied immediately prior to the Effective Time.

Footnote F4

Prior to the Effective Time, the options were scheduled to vest ratably on each of the first, second, third and fourth anniversaries of the grant date contingent on the reporting person's continuation in service on each applicable vesting date.

SEC remarks

AS NOTED IN FOOTNOTE 1, IN THE SECOND MERGER, SKYWATER MERGED WITH AND INTO SKYWATER TECHNOLOGY, LLC (FORMERLY KNOWN AS IRIS MERGER SUBSIDIARY 2 LLC), WITH SKYWATER TECHNOLOGY, LLC SURVIVING THE MERGER.